Saturday, May 21, 2005

Renewable Energy Turning Profitable

In yet another demonstration that renewable energy sources can compete in the market, has posted two stories of profits for alternatives: BP reported a profit for its solar division in 2004, and GE expects its wind division "to top a 300 percent increase over their first year of operations in 2002." While these are huge multinationals with ample resources to support experiments in alternative energy, this kind of growth (IMHO) has to demonstrate growing demand for renewables.

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